USD/CAD - 4 HRS CHART
IS 1.1497 IS THE BOTTOM OF WAVE 5...

USD/CAD pair went 5 wave down from 1.1812 which started in March 07. Currently it made the bottom at 1.1497 here i labelled as the end of Wave 5 but still its not confirmed yet. For that it need to sustain above 1.1570. 4 hrs RSI is hovering at 50 level. The next big resistence is at 1.1635 which is the Wave 4 top. And the key support is lied at 1.1525 which is the end of Wave 3. Well if 1.1497 is the confirmed bottom of Wave 5 then the current ongoing rally is the Wave A and then Wave B and C, which correct the 5 wave down.